Karnataka approves projects worth Rs 13k cr amid Covid-19 second wave
ECONOMY & POLICY

Karnataka approves projects worth Rs 13k cr amid Covid-19 second wave

The Karnataka government has cleared projects worth Rs 13,175 crore across the state amid the Covid-19 pandemic, with a JSW liquid oxygen production project being one of the prominent one.

The generation of liquid oxygen by Jindal Steel Works (JSW) is a prominent project which includes a major investment.

At a time, when JSW was the single biggest source of medical oxygen in the state, nearly 440 million tonne (mt) at full extent, an added facility is expected to help Karnataka in the long run and add to the capability of the steel manufacturing major.

The project, sub-leased from JSW steel Ltd will be performed by a subsidiary of its under the name of JSW Techno Projects Management Ltd at Rs 892 crore in Toranagallu, Ballari.

Another important project which obtained approval from the state high level clearance committee (SHLCC) was that of a single unit complex of Indian Oil Corporation Ltd (IOCL) in Chitradurga for accommodation and dispatch of petroleum on a 130-acre land parcel.

Apart from this, the government also sanctioned a major real estate construction of an integrated township at Yelahanka on a land parcel of 211 acre, which will be constructed by Rasasri Tech Park Ltd.

Overall, the government sanctioned 10 projects in the state with three of them being in rural Bengaluru and one in urban districts of Bengaluru. In total, the projects are spread over seven districts.

Image Source


Also read: Property registrations across Karnataka halted as state announces lockdown

Also read: Bengaluru Metro Rail Corp extends Metro Airport line tender due to lockdown

The Karnataka government has cleared projects worth Rs 13,175 crore across the state amid the Covid-19 pandemic, with a JSW liquid oxygen production project being one of the prominent one. The generation of liquid oxygen by Jindal Steel Works (JSW) is a prominent project which includes a major investment. At a time, when JSW was the single biggest source of medical oxygen in the state, nearly 440 million tonne (mt) at full extent, an added facility is expected to help Karnataka in the long run and add to the capability of the steel manufacturing major. The project, sub-leased from JSW steel Ltd will be performed by a subsidiary of its under the name of JSW Techno Projects Management Ltd at Rs 892 crore in Toranagallu, Ballari. Another important project which obtained approval from the state high level clearance committee (SHLCC) was that of a single unit complex of Indian Oil Corporation Ltd (IOCL) in Chitradurga for accommodation and dispatch of petroleum on a 130-acre land parcel. Apart from this, the government also sanctioned a major real estate construction of an integrated township at Yelahanka on a land parcel of 211 acre, which will be constructed by Rasasri Tech Park Ltd. Overall, the government sanctioned 10 projects in the state with three of them being in rural Bengaluru and one in urban districts of Bengaluru. In total, the projects are spread over seven districts. Image Source Also read: Property registrations across Karnataka halted as state announces lockdown Also read: Bengaluru Metro Rail Corp extends Metro Airport line tender due to lockdown

Next Story
Infrastructure Transport

India's first urban ropeway in Varanasi; ready by August 2024

India's first urban ropeway in Varanasi, Uttar Pradesh, is scheduled to be completed by August 2024, offering a unique aerial perspective of the city while also reducing travel time. Officially inaugurated on March 24, 2022, by Prime Minister Narendra Modi as part of the 'Pravatmala Pariyojana' National Ropeways Development Programme, this project is advancing rapidly. Phase 1 of the ropeway is estimated to cost Rs 6.45 billion and is expected to be finished by 2025. Substantial progress has been made in implementing the initial phases of public transportation. The 3.7-kilometer ropeway will..

Next Story
Infrastructure Urban

ADB to give $2.6 billion in sovereign lending to India

The Asian Development Bank (ADB) pledged $2.6 billion in sovereign lending to India during 2023 for diverse projects. This financial commitment is directed towards bolstering urban development, facilitating industrial corridor development, advancing power sector reforms, enhancing India's climate resilience, and improving connectivity. Additionally, ADB allocated $23.53 million for technical assistance and $4.1 million in grants under the sovereign portfolio. Furthermore, ADB invested over $1 billion in private sector projects over the preceding year, as stated by the Manila-based multilateral..

Next Story
Infrastructure Transport

Singapore eyes Chabahar Port as Asian trade & transit corridor

Singapore is considering leveraging the Chabahar Port in Iran, managed by India, to establish a trade and transit corridor between Southeast Asia and Central Asia, aiming to access the resource-rich Eurasia. This move highlights Singapore's interest in accessing the Eurasian Economic Union (EAEU) market through the Chabahar port, which serves as a pivotal link between Southeast Asia and Central Asia. The President of Kazakhstan's recent visit to Singapore further underscored discussions on enhancing trade and transit corridors, emphasising the strategic importance of Chabahar in facilitating c..

Hi There!

Now get regular updates from CW Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Construction News on Whatsapp! Enjoy

+91 81086 03000

Join us Telegram